2-Apr-2026
Morning News Wrap-Up 4/2/26: Today’s Biggest Stock Market Stories!
TipRanks (Thu, 2-Apr 1:30 PM ET)
Iridium Communications Stock (IRDM) Moonshots 12% on SpaceX IPO Filing and Amazon Takeover Rumors
TipRanks (Thu, 2-Apr 11:16 AM ET)
Iridium Announces Release Date for First-Quarter 2026 Financial Results
PRNewswire (Thu, 2-Apr 7:01 AM ET)
CarGurus is the best performing communication services stock in March
Seeking Alpha News (Tue, 31-Mar 10:06 AM ET)
Iridium to Participate in Investor Conferences
PRNewswire (Tue, 17-Feb 2:51 PM ET)
Iridium’s 2025 Performance Driven by IoT Growth, Stable Service Revenues, and Strong Cash Flows
Market Chameleon (Thu, 12-Feb 2:59 AM ET)
Iridium Announces 2025 Results; Issues 2026 Outlook
PRNewswire (Thu, 12-Feb 7:01 AM ET)
Iridium Announces Release Date for Fourth-Quarter and Full Year 2025 Financial Results
PRNewswire (Thu, 22-Jan 7:01 AM ET)
Market Chameleon (Wed, 21-Jan 3:24 AM ET)
On-Air Trials Underway: Iridium NTN Direct Prepares to Enter Beta as Testing Continues
PRNewswire (Wed, 21-Jan 7:01 AM ET)
Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.
Iridium Communications trades on the NASDAQ stock market under the symbol IRDM.
As of April 2, 2026, IRDM stock price climbed to $32.86 with 3,290,165 million shares trading.
IRDM has a beta of 0.40, meaning it tends to be less sensitive to market movements. IRDM has a correlation of 0.01 to the broad based SPY ETF.
IRDM has a market cap of $3.45 billion. This is considered a Mid Cap stock.
Last quarter Iridium Communications reported $213 million in Revenue and $.24 earnings per share. This fell short of revenue expectation by $-6 million and met earnings estimates .
In the last 3 years, IRDM traded as high as $68.34 and as low as $15.65.
The top ETF exchange traded funds that IRDM belongs to (by Net Assets): IJR, AVUV, VTI, VB, IYZ.
IRDM has outperformed the market in the last year with a price return of +23.8% while the SPY ETF gained +17.5%. IRDM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +85.9% and +24.8%, respectively, while the SPY returned -3.7% and -0.1%, respectively.
IRDM support price is $27.49 and resistance is $29.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IRDM shares will trade within this expected range on the day.